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my next guest says the obama administration is punishing jo producers and subsidizing a withdrawal from the work force. joining us now, one of the country's most thoughtful, provocative political and economic thinkers, author george gilder who wrote the best seller, wealth and poverty, and a seminal work in it is grt to have you with us. some people upon closer inspection, it is not good news and people are leaving the work force. >> it sure isn't. we are paying people to leave the workforce. some $1 trillion offpayments of various kinds to keep people from working and to break up their families and to demoralize their earnest. it is -- it ignores the elephant in the room which is a massive departure of the prime age man from the work force. it i accelerating today. and part of this is being subsidized by the government through record disability payments. lou: disability paymen from social security administration, taking that a side when one looks at food stamps and medica alone, you can add other incentives as well and support programs, but we are looking at the prospect of ving one in
my next guest says the obama administration is punishing jo producers and subsidizing a withdrawal from the work force. joining us now, one of the country's most thoughtful, provocative political and economic thinkers, author george gilder who wrote the best seller, wealth and poverty, and a seminal work in it is grt to have you with us. some people upon closer inspection, it is not good news and people are leaving the work force. >> it sure isn't. we are paying people to leave the...
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Dec 10, 2012
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as you say, it is stunning to watch the principal economic financial figures in the obama administration be leading a political negotiation rather than, if you will, minding over an economy filled with 23 million people unemployed all sorts of challenges at every corner from and he is now potician. it is stunning. i want to get your comments, if i made, on something that nancy pelosi said today, which reported at the top of this broadcast. you cannot cut your way to defit reduction. i am quoting her directly. let's try that again because you probably did not believe your years. you cannot get awa to deficit reduction. your reaction? >> i'm speech was, quite frankly. i mean, if that -- if she believes that to be true, then she believes he can grow your way out of problems and there is no growth rate that is going to match the 22% projected increase in insurance subsidies under obamacare. or she believes she can taxer way out, and there is no way our economy can bear to double the federal tax levels from 18% of gdp the 36. that is what it would take. so the reality is that the bulk of our
as you say, it is stunning to watch the principal economic financial figures in the obama administration be leading a political negotiation rather than, if you will, minding over an economy filled with 23 million people unemployed all sorts of challenges at every corner from and he is now potician. it is stunning. i want to get your comments, if i made, on something that nancy pelosi said today, which reported at the top of this broadcast. you cannot cut your way to defit reduction. i am...
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Dec 10, 2012
12/12
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the obama administration is doing nothing and allow turkey and russia to dance all over the sanctions and lip service against assad. yes, why can't we call the russians out? they were sending 200 tons of currency to pay their generals. why can't we push that openly? russia is teetering pulling away from assad. we need to start to influence rebels about, free syria army. even if assad leaves, russia and turkey are positioning themselves to have significant influence on a regime that will be after assad and it won't be an ally of the united states. melissa: thanks so much for coming on. please have a safe trip. we look forward to having back soon. >> absolutely. thanks, melissa. melissa: this is pretty crazy. look at this video. these are the chrysler employees that were caught red-handed drinking and smoking something on the job in 2010. 13 of them were fired. two were suspended without pay. well, now, they are all back at work. building your cars. thanks to a union-backed arbitrator. as you know, chrysler borrowed more than $11 billion as part of the auto industry bailout. that is wha
the obama administration is doing nothing and allow turkey and russia to dance all over the sanctions and lip service against assad. yes, why can't we call the russians out? they were sending 200 tons of currency to pay their generals. why can't we push that openly? russia is teetering pulling away from assad. we need to start to influence rebels about, free syria army. even if assad leaves, russia and turkey are positioning themselves to have significant influence on a regime that will be...
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Dec 13, 2012
12/12
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>> the only problem with that is that if the obama administration wants anything close to a manufacturing renaissance, the only way they will get it is with cheap natural gas. natural gas is $60 in japan. fourteen dollars in china. it has been an economic miracle. if they want to cut, perhaps, millions of jobs and kill any sort of a manufacturing renaissance, go for. i think they will get their money from them. i think they will hijack the industry in respect to that. natural gas has been great for this country. this particular stock, speaking of earth, i would say $42.90 would be a good number for them. lori: the manager is at the center of what the feds are calling the largest ever insider-trading case. charlie gasparino joined us in the case against matthew martoma adam: war spending and buying from the federal reserve. ♪ >> 21 minutes past the hour. this is your fox news minute. and american soldier has been attacked in afghanistan. that is all coming just hours after leon panetta left the area. the pentagon confirming a new goal board explosive device. a north korean satellite repo
>> the only problem with that is that if the obama administration wants anything close to a manufacturing renaissance, the only way they will get it is with cheap natural gas. natural gas is $60 in japan. fourteen dollars in china. it has been an economic miracle. if they want to cut, perhaps, millions of jobs and kill any sort of a manufacturing renaissance, go for. i think they will get their money from them. i think they will hijack the industry in respect to that. natural gas has been...
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dagen: steve jobs told president obama that those jobs were not coming back. charles: somehow the administration going after profit, you know, whatever it is, you wanted or public opinion, now if you do not start to do this stuff, we will go out and take it. caterpillar is one company to watch. their ceo has been on top of this. he has been very defensive about the fact they are still creating jobs here and abroad. apple, by the way, 60% of business outside of this country. dagen: it is not just about price, it is about scalability and adaptability of the workforces in this nation. charles: there is no dow about it. natural gas gives us an amazing advantage. wages have gone up dramatically in china. we will benefit from that as well. be careful what you ask for. do we really want a whole bunch of four dollars jobs in america, the answer is, no. connell: thank you, charles. great stuff, as always. the irs wants back taxes from amazon. dagen: no shame. one of the most popular places to do your holiday shopping. that is exactly the video we picked that we are goi
dagen: steve jobs told president obama that those jobs were not coming back. charles: somehow the administration going after profit, you know, whatever it is, you wanted or public opinion, now if you do not start to do this stuff, we will go out and take it. caterpillar is one company to watch. their ceo has been on top of this. he has been very defensive about the fact they are still creating jobs here and abroad. apple, by the way, 60% of business outside of this country. dagen: it is not...